By Adedapo Adesanya
The newly inaugurated governing board of the Nigeria Extractive Industries Transparency Initiative (NEITI) has been charged by the federal government to enhance the smooth running of its administration in the area of transparency and accountability.
Mr Boss Mustapha, Secretary to the Government of the Federation (SGF), who performed the inauguration of the new NEITI board on Thursday in Abuja, congratulated the members, saying their appointment as NEITI board members were based on individual merits and track records.
“Your appointment and inauguration, which is taking place here today, is another practical demonstration of President Muhammadu Buhari’s commitment to transparency and accountability in the management of our economic resources.
“And especially, given the mandate and objectives of NEITI,” Mr Mustapha said.
The nation’s scribe said that the present administration was passionate about the NEITI process because it served two key agendas of the administration.
He said that the extractive industry was very strategic to Nigeria’s economy, hence central to the administration’s economic agenda.
According to Mr Mustapha, transparency and accountability in the management of the nation’s resources are equally central to the anti-corruption agenda of Nigeria.
He said it was, therefore, irrevocably committed to the implementation of NEITI in the oil, gas, and mining industries.
The SGF, therefore, tasked NEITI board members to ensure that the agency continued to preserve the virtues for the benefit of the present and for future generations of Nigeria.
“In order to achieve this, I must remind you that your assignment is non-partisan because NEITI itself is non-political and has maintained dignified neutrality all through almost two decades of existence.
“It is also necessary for me to stress that your appointment is a part-time one. You are therefore advised to conduct yourselves in accordance with this requirement,” he said.
According to Mr Olusegun Adekunle, serving on the board, he assured that the board would not disappoint the president in the course of carrying out its assigned duties.
The retired permanent secretary said his appointment alongside other board members was another opportunity to serve Nigeria in another capacity.
“Let me also congratulate my colleagues on the board for this wonderful opportunity to serve our nation in a different capacity.
“I must say that the confidence reposed in us is huge but our commitment to this assignment is also strong; we shall, therefore, work as a team with focus and with integrity,” Mr Adekunle said.
The board comprises:
Olusegun Adeyemi Adekunle, Esq. – Chairman (Public Administrator/Retired Federal Permanent Secretary)
Group Managing Director, (NNPC) Mele Kyari – Member (Representing National Oil Gas Company Industry)
Executive Chairman, FIRS, Muhammad Mamman Nami – Member (Extractive Industry Revenue accountability)
President, Nigeria Mining & Geosciences Society Alabo Charles – Member (Extractive Industry Professional Union)
President, PENGASSAN Comrade Festus Osifo – Member (Extractive Industries Professional Union Industries)
Mr Lorenzo Fiorillo – Member (Chairman OPTS Representative- IOCs, Oil, Gas Industry Companies)
Permanent Secretary, Ministry of Mines and Steel Development, Dr Oluwatoyin Akinlade – Member (Representative, Government Extractive Industries- Mining)
Peter Egbule – Member (National Coordinator, Publish What You Pay representative, Civil Society)
Dr Bashir Bature Gafai – Member (Geo-Political Rep: North-West Zone)
Dr Iliya Gashinbaki – Member (Geo-Political Rep: North-East Zone)
Godwin Akor Ogwuche – Member (Geo-Political Rep: North-Central Zone)
Professor Damilola Olawuyi – Member (Geo-Political Rep: South-West Zone)
Dr Nze Joe Ibeh – Member (Geo-Political Rep: South-East Zone)
Awowoh Christian – Member (Geo-Political Rep: South-South Zone)
Dr Orji Ogbonnaya Orji – Member (Executive Secretary, NEITI by virtue of Office)
NW Tech Capital Appoints Stella Damasus to Help Boost African Expansion
By Adedapo Adesanya
Nigerian veteran actor and singer, Stella Damasus, has been appointed as the lead Consultant for talent acquisition of Las Vegas-based company, NW Tech Capital (NWTT) Beauty and Wellness division in its African expedition.
In a statement, the company said, “NW Tech Capital and TROPICSLAB is pleased to announce that award-winning Nollywood celebrity Stella Damasus, has joined us, as lead Consultant for talent acquisition of the company’s Beauty and Wellness division in its African expedition.”
It was disclosed that she will be tasked with the responsibility to expand the company’s tentacles by acquiring the best talents to fulfil the vision of establishing a flurry of high-end celebrity cosmetic brands across Africa.
NW Tech Capital, a publicly traded diversified holding company that was founded in 1996, is actively involved in the acquisition and investment of small, mid-size, and development-stage private businesses in varied industries.
Based on Tropicslab’s clinically tested formula, over the next five years, NWTT projects to invest at least $100,000,000 in Africa, in Skincare research and development, manufacturing, distribution, and marketing, to generate substantial revenue for our shareholders and to help combat skin cancer for people of colour.
Speaking on the projection, NWTT CEO Mr Cedric Yengo said – “Stella brings with her a wealth of experience and refined skill in talent acquisition that is almost unparalleled in today’s market.
“With her extensive connections in the industry and her acumen for strategic alliances, we believe that Stella will help us to position ourselves as the premier Beauty and Wellness Company, in the nearest future”.
According to Ms Edith Delight CEO of Tropicslab, “The Task Force led by Stella Damasus will begin accepting applications from celebrities immediately, for the creation of high-end celebrity cosmetic brands”.
Orazulike Joins Ecobank Nigeria Board as Non-Executive Director
By Modupe Gbadeyanka
A seasoned business magnate, corporate administrator and philanthropist, Mr Nnaeto Orazulike, has been appointed to the board of Ecobank Nigeria Limited as a non-executive director.
A statement from the financial institution disclosed that the appointment of the founder and Group Managing Director of Genesis Group took effect from April 2022.
Genesis Group is a Nigerian conglomerate with interests in restaurants, cinemas, hotels, food production and oil & gas services and production.
The businessman would be expected to the board his wealth of experience from similar positions in the past as he had previously served on the board of Fidelity Bank Plc between 2008 and 2017.
He is the National Chairman of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture Trade Group on Tourism and Hospitality. He also currently sits on the boards of various companies and organizations including Shelf Drilling Nigeria, West African Metal Processing Co. Ltd., Fate Foundation, and Spiritan University, Nnochi Imo State.
Mr Orazulike is a graduate of the University of Nigeria with a Bachelor of Science in Accounting degree and an alumnus of Harvard Business School, Executive Training Program. He was also awarded the prestigious Honorary Doctor of Science degree by the University of Port Harcourt in 2015
It was stated that he was picked for this position because he has distinguished himself as a leader in his various endeavours, pioneering and promoting professions through the growth of indigenous talents in Nigeria and beyond.
It was said that the appointee embodies the pan-African vision of the bank and brings with him the wealth of experience, professionalism, and integrity which has earned him national and international acclaim.
Adewale Oyerinde Takes Over as New NECA DG
By Adedapo Adesanya
The Nigeria Employers’ Consultative Association (NECA) has appointed Mr Adewale Oyerinde as the Director-General of the association, effective on Monday, August 1, 2022.
NECA’s President, Mr Taiwo Adeniyi, made this known in a statement on Sunday in Lagos.
The position of Director-General became vacant following the demise of late Dr Timothy Olawale in September 2021.
Mr Adeniyi said that Mr Oyerinde was expected to build on the legacies of professionalism and excellent service that the association was known for and take it to greater heights.
Prior to his ascension, Mr Oyerinde was the Deputy Director and Head of Membership Services of the association.
Mr Oyerinde joined NECA in 2010 and has worked in various capacities in the Social, Economic and Labour Affairs Department and also the Learning and Development Department of the association.
He has over 16 years of experience in Industrial and Human Resources (HR), Business Development, Stakeholders Management and key areas of Employers’ Federation/Business Membership Organisation Management.
Mr Oyerinde, according to the statement, is an HR thought-leader and International Labour Organisation (ILO) trained Master Trainer
He is also a United Nations Industrial Development Organisation-trained ISO 9001:2015 (Quality Management System), ISO 1400:2015 Lead Auditor.
Mr Oyerinde holds a Bachelor’s and Master’s degree in Industrial Relations and Personnel Management from the University of Lagos. He is an alumnus of the International Training Centre of the ILO and a full member of the Chartered Institute of Personnel Management (CIPM), among others.
Latest News on Business Post
- BUA Cement Pulls Down Stock Exchange by 0.70% August 14, 2022
- NCDMB, Siemens to Train 60 Teachers on STEM Education August 14, 2022
- Naira Gains, Sells N691/$1 at P2P, N677/$1 at Black Market August 14, 2022
- Medic West Africa Conference to Focus on Healthcare Innovation August 14, 2022
- FG Threatens CCECC Over Drawback in Rail Contract August 14, 2022
- Unlisted Securities Market Bleeds as NDEP Stocks Fall August 14, 2022
- Crude Oil Slides as Fears of Supply Disruption Evaporate August 14, 2022
- 95% of Insurance Firms Upload Data to NAICOM Server August 13, 2022
- Africa Gets Just 12% of Climate Change Financing August 13, 2022
- NITDA Wants Nigerians’ Contributions to AI Development August 13, 2022